198 W Elmwood, Burbank, CA 91502

Burbank
Local realty services provided by:ERA Excel Realty
198 W Elmwood,Burbank, CA 91502
$2,395,000
  • - Beds
  • - Baths
  • 4,804 sq. ft.
  • Multi-family
  • Active
Listed by: silvia ragheb
Office: trinity real estate & investme818-281-0478
MLS#:GD26010495
Source:CRMLS

Price summary

  • Price:$2,395,000
  • Price per sq. ft.:$498.54

About this home

Prime Burbank 6-Unit Multifamily | Strong Rental Upside | 5.7% Pro Forma Cap Located in the highly desirable City of Burbank — subject to AB 1482 with higher allowable annual rental increases than the City of Los Angeles — this pride-of-ownership six-unit multifamily property presents an exceptional value-add investment opportunity with approximately 18%+ rental upside. The property consists of six spacious 2-bedroom, 1-bath units, each featuring bright living rooms, well-sized kitchens with dining areas, generous bedrooms, and ample closet space. The building has been well maintained and includes a newer roof, partial copper plumbing, six covered parking spaces, and an on-site laundry room with owned machines. The property is separately metered for gas and electricity. Ideally situated less than one mile from Downtown Burbank, tenants enjoy convenient access to shopping, dining, cafés, entertainment, and the Burbank Town Center. The property is also in close proximity to major...

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Home facts

  • Year built:1953
  • Listing ID #:GD26010495
  • Added:198 day(s) ago
  • Updated:July 30, 2026 at 01:17 PM

Rooms and interior

  • Flooring:Laminate, Tile, Wood
  • Kitchen Description:Dishwasher, Free Standing Range, Gas Range, Range Hood, Refrigerator
  • Living area:4,804 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Wall Furnace

Structure and exterior

  • Roof:Composition
  • Year built:1953
  • Building area:4,804 sq. ft.
  • Lot area:0.17 Acres
  • Lot Features:Front Yard, Sprinkler System
  • Levels:2 Story

Utilities

  • Water:Public, Water Connected
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$2,395,000
  • Price per sq. ft.:$498.54

Features and amenities

  • Appliances:Dishwasher, Free Standing Range, Gas Range, Gas Water Heater, Range Hood, Refrigerator
  • Laundry features:Common Area
  • Amenities:Ceiling Fans, Walk In Closets

Parking

  • Total parking spaces:6
  • Parking description:Carport
  • Garage:Yes
  • Garage spaces:6
Based on information from California Regional Multiple Listing Service, Inc. as of August 2, 2026 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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